Seven women have made it to the Fortune India's first '40 Under 40' compilation that lists individuals who have managed to grow an idea into a profitable business.

The list comprises of entrepreneurs and professionals aged 40 years and less as of December 31, 2013. 'This is a listing, not a ranking,' Fortune India said, adding that scions of business families were not included.

Kavita Iyer Rodrigues, Director & COO of Theramyt Novobiologics and who co-founded the first biotech startup in venture capital firm Accel Partners' stable in 2007 got featured in the list. So was Richa Kar Founder & CEO, Zivame.com.

The criteria for selection include growth in business (market share or revenue) and where growth rates were similar, emphasis was on profitability; those who executed a business model or innovation to grow in a tough market, who have reduced the per unit cost of delivering a product or service, scaled up an idea; Were able to raise capital in a difficult market, or find profitable exits, Fortune India added.

The individuals in the list belong from diverse sectors, although there are more tech startups than others.